Common use of Amortization Method Clause in Contracts

Amortization Method. Each Advance will fully amortize between the date of such Advance and the Final Maturity Date during each Interest Rate Term for such Advance. The amount of each monthly payment of principal and interest for each Advance shall (i) substantially equal the amount of every other monthly payment on such Advance during such Interest Rate Term, and (ii) be in an amount that will pay all principal and interest of such Advance no later than the Final Maturity Date.